Yahoo Finance Deutsche Bank Hires Ex Goldman Sachs Banker Young Huh in Korea
(Bloomberg) -- Deutsche Bank AG has hired Jae Young Huh as head of investment banking coverage and advisory in Korea.
Most Read from Bloomberg
Democrats Question Replacing Biden: Here’s How It Could Work
Biden Struggles as He Spars With Trump on Economy: Debate Takeaways
Young Huh will work with Ohseung Kwon, who leads mergers and acquisitions in Korea, to help expand investment banking operations in the country, according to a memo seen by Bloomberg News and confirmed by a bank spokeswoman.
Young Huh was previously at Goldman Sachs Group Inc., leading coverage, M&A and capital markets deals in Korea. He also worked in debt capital markets at Goldman’s in Hong Kong, and with Citigroup Inc.’s investment banking team in Korea. Most recently he was chief executive officer of the Nature Company and JangCha, according to the memo.
The bank has been on a hiring spree in Asia to take market share from Wall Street rivals. It has made senior hires in investment banking across the region from the likes of Morgan Stanley and Credit Suisse, among others.
Deutsche Bank gave Samuel Kim, its chairman of M&A in Asia Pacific, the additional position of chief country officer earlier this year.
Recent deals in Korea where Deutsche Bank has played a key role include SK Bioscience Co.’s purchase of a 60.6% stake in IDT Biologika GmbH and Blackstone Inc.’s sale of pharmaceuticals distributor Geo-Young Corp. to MBK Partners.
--With assistance from Jenny Lee.
Most Read from Bloomberg Businessweek
The FBI’s Star Cooperator May Have Been Running New Scams All Along
Japan’s Tiny Kei-Trucks Have a Cult Following in the US, and Some States Are Pushing Back
RTO Mandates Are Killing the Euphoric Work-Life Balance Some Moms Found
How Glossier Turned a Viral Moment for ‘You’ Perfume Into a Lasting Business
©2024 Bloomberg L.P.
